appraised value

USAGE SUMMARY

The phrase "appraised value" is correct and usable in written English.
It is typically used in contexts related to real estate, finance, or property assessment to refer to the estimated worth of an asset as determined by a professional appraiser. Example: "The appraised value of the house was significantly higher than the asking price, leading to a bidding war among potential buyers."

✓ Grammatically correct

Real estate

Finance

Property assessment

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

The price of $12 million is estimated to be half its appraised value.

The New York Times

He said his house probably could be sold for about its $442,000 appraised value.

The New York Times

According to filings, Capstone paid $3.15 million less than the properties' appraised value.

The New York Times

The house had a $300,000 appraised value, $100,000 less than Mr. Alexander owed.

The New York Times

The higher concessions created "incentives to inflate appraised value," Mr. Stevens testified.

The New York Times

Some banks will lend up to 100percentt of the appraised value, but that means buyers will need to come up with the difference between the appraised value and the agreed-upon price.

The New York Times

The payments are not to exceed 2percentt of a sales price or appraised value, whichever is less.

The New York Times

If a mortgage is being refinanced, the loan can cover up to 80percentt of the home's appraised value.

The New York Times

In other words, the cost of repairing any of these homes would be more than half their appraised value.

The New York Times

Contrary to the allegation, USPS properties have consistently been sold at or above appraised value.

Huffington Post

That's substantially less than its $59,400 appraised value, Kansas.com reported.

HuffPost

Expert writing Tips

Best practice

When discussing real estate transactions, always specify the date to which the "appraised value" refers, as market conditions can change rapidly.

Common error

Don't assume the "appraised value" is the same as the assessed value used for property taxes. Appraised value reflects market worth, while assessed value is for tax purposes and may lag behind market fluctuations.

Linguistic Context

The phrase "appraised value" functions as a noun phrase, typically acting as the object of a verb or preposition. Ludwig AI confirms its grammatical correctness and widespread use. It refers to the estimated monetary worth of an asset, usually determined by a professional appraiser.

Expression frequency: Very common

Frequent in

News & Media

68%

Wiki

11%

Academia

4%

Less common in

Formal & Business

4%

Science

4%

Reference

0%

Ludwig's WRAP-UP

The phrase "appraised value" is a commonly used term, deemed grammatically correct by Ludwig AI, referring to the estimated worth of an asset as determined by a professional appraiser. Predominantly used in contexts like real estate, finance, and property assessment, it signifies an objective valuation for transactions and legal purposes. While alternatives like "assessed value" or "estimated value" exist, "appraised value" carries a specific connotation of formal appraisal. Remember to specify the date of appraisal due to fluctuating market conditions and avoid confusing it with assessed value for property taxes.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

appraisal amount

The monetary result of the appraisal process.

assessed value

Refers to the value assigned for taxation purposes, often close but not always identical to appraised value.

property valuation

Specifically related to the value of real estate.

official valuation

Implies a formal and recognized assessment.

estimated value

A more general term for valuation, lacking the formal appraisal connotation.

estimated worth

A simple, less formal way to refer to the value.

valuation

A broad term encompassing any process of determining value.

market value

The price at which an asset would trade in a competitive market.

fair market value

Value agreed upon by a willing buyer and seller, both informed and unpressured.

current market price

The going rate for a property in the current economic climate.

FAQs

What is the difference between "appraised value" and market value?

"Appraised value" is an estimate by a qualified appraiser, while "market value" is what a willing buyer would likely pay for it.

How is the "appraised value" of a home determined?

Appraisers consider comparable sales, location, property condition, and features to determine the "appraised value".

What happens if the "appraised value" is lower than the purchase price?

The buyer may need to renegotiate the price, increase their down payment, or the deal may fall through. Alternative options would be increasing the down payment or getting a second appraisal from a different appraiser.

What can I say instead of "appraised value"?

Depending on the context, you can use alternatives like "assessed value", "estimated value", or "valuation".